The Daily Docket: Dodgers Win Chapter 11 Plan Confirmation

A bankruptcy judge Friday confirmed the Chapter 11 exit plan that inaugurates a new era for the Los Angeles Dodgers, a baseball team that fell on hard times under the ownership of real estate developer Frank McCourt. Read The Daily Bankruptcy Review story here.

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The Wall Street Journal talks to Stephen Girsky General Motors’ point man for cleaning up its money-losing European operations.

A New York judge wants to determine whether a recent U.S. Supreme Court decision prevents the bankruptcy court from deciding the outcome of hundreds of cases stemming from Bernard Madoff’s huge fraud, The Journal reports.

The priciest lawyers in the U.S.—including top bankruptcy and restructuring attorneys—are getting even more expensive but those at the opposite end are getting left behind, WSJ reports.

Hedge funds are cutting back on the brokerage accounts they hold as the prime brokerage industry begins to consolidate more than four years after the Lehman Brothers bankruptcy blew the sector wide open, Reuters writes.

Hostess says it’s making a final offer to workers to accept cost-cutting before it asks a bankruptcy court to impose the cuts, the Associated Press writes.

About Bankruptcy Beat

From Dow Jones Daily Bankruptcy Review, exclusive coverage of corporate bankruptcies, companies headed for trouble and the latest trends in bankruptcy law, distressed investing and corporate restructuring. Lead writer Pat Fitzgerald and Daily Bankruptcy Review reporters in Washington, New York and Wilmington, Del., provide insight into the big cases, who’s next to fall and what’s making news across the bankruptcy market.